Indara Insurance PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	3,243	740.64	491.82	2,038	0.58	-
Investments in Equity & Preferred Securities	256.44	133.4	87.42	89.24	13.9	8.8
Other Investments	-	2,226	1,624	529.78	87.27	38.08
Total Investments	3,500	3,100	2,203	2,657	368.69	334.59
Cash & Equivalents	283.34	609.39	860.23	1,410	71.87	63.36
Reinsurance Recoverable	3,782	4,113	4,982	5,066	77.8	177.36
Other Receivables	76.85	586.24	642.67	627.76	40.41	38.31
Property, Plant & Equipment	59.8	32.97	17.62	42.91	34.07	39.89
Other Intangible Assets	21.41	6.66	0.04	0.08	0.12	0.17
Restricted Cash	-	0.45	2.07	2.93	-	0.7
Other Current Assets	82.16	81.36	124.88	202.87	19.54	29.67
Long-Term Deferred Tax Assets	147.62	211.8	143.11	157.35	36.64	32.77
Other Long-Term Assets	2.14	175.62	222.61	299.96	56.2	28.11
Total Assets	7,955	8,918	9,198	10,466	705.34	744.93
Accrued Expenses	174.44	220.39	232.96	274.82	19.4	15.48
Unpaid Claims	-	2,255	3,100	3,934	191.15	241.76
Unearned Premiums	-	2,758	2,596	2,572	242.28	199.38
Reinsurance Payable	27.94	1,790	1,931	2,581	37.24	92.51
Current Portion of Leases	-	19.1	5.3	8.4	5.8	5.4
Current Income Taxes Payable	-	119.84	45.44	25.45	-	-
Long-Term Leases	56.45	10.41	3.81	6.28	0.12	5.96
Other Current Liabilities	9.58	14.88	7.05	14.6	-	-
Other Long-Term Liabilities	144.21	151.47	125.73	97.06	19.75	14.65
Total Liabilities	6,414	7,385	8,085	9,543	534.68	592.04
Common Stock	120	120	100	100	100	100
Additional Paid-In Capital	328.11	328.11	138.11	138.11	138.11	138.11
Retained Earnings	984.53	1,020	824.78	628.6	-78.17	-91.88
Comprehensive Income & Other	108.92	64.53	50.74	56	10.72	6.65
Shareholders' Equity	1,542	1,532	1,114	922.71	170.66	152.88
Total Liabilities & Equity	7,955	8,918	9,198	10,466	705.34	744.93
Filing Date Shares Outstanding	12	12	10	10	10	10
Total Common Shares Outstanding	12	12	10	10	10	10
Total Debt	56.45	29.51	9.11	14.68	5.92	11.36
Net Cash (Debt)	226.89	579.88	851.11	1,395	65.95	52
Net Cash Growth	-59.77%	-31.87%	-39.00%	2015.60%	26.82%	52.70%
Net Cash Per Share	18.90	52.51	85.11	139.52	6.60	5.20
Book Value Per Share	128.46	127.68	111.36	92.27	17.07	15.29
Tangible Book Value	1,520	1,526	1,114	922.63	170.54	152.72
Tangible Book Value Per Share	126.68	127.13	111.36	92.26	17.05	15.27
Land	-	2.4	8.22	20.29	20.29	20.29
Buildings	-	3.03	8.38	30.18	30.18	30.18
Machinery	-	12.88	25.83	40.5	40.17	40.16

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.